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Year: 2015

PSALM weighs options on ULGPP Bulk IPPA auction


The Power Sector Assets and Liabilities Management (PSALM) Corporation is looking at probable sale options for its selection and appointment of the Independent Power Producer Administrator (IPPA) for the Bulk Energy of the Unified Leyte Geothermal Power Plants (ULGPP Bulk Energy). At the bid opening activity held at its Makati City office on Wednesday (02 September 2015), PSALM declared a failure...

Malaya TPP Unit 1 resynchronizes to grid


The Power Sector Assets and Liabilities Management (PSALM) Corporation has reported a successful overhauling of Unit 1 the 650-megawatt (MW) Malaya Thermal Power Plant Complex (MTPP), as evidenced by the plant's resynchronization to the grid on 26 August 2015. "We are pleased to report that the Malaya TPP's Unit 1, which recently underwent overhauling, has been successfully reconnected to the main...

STX Marine submits lowest bid for Malaya TPP OMSC


Current Malaya Thermal Power Plant (MTPP) operator STX Marine Services Co. Ltd. has submitted the lowest bid for the Rizal-based plant's Operation and Maintenance Service Contract (OMSC), the Power Sector Assets and Liabilities Management (PSALM) Corporation reported recently. At the bidding conducted by PSALM in Diliman, Quezon City on 03 August 2015, STX Marine emerged as the lowest bidder with...

Alzona appointed as new PSALM chief executive


With His Excellency President Benigno C. Aquino III's appointment of Ms. Lourdes S. Alzona as board member of the Power Sector Assets and Liabilities Management (PSALM) Corporation, the former PSALM Officer in Charge has been elected as the government power firm's President and Chief Executive Officer (CEO). In a letter dated 30 July 2015, President Aquino appointed Ms. Alzona as the replacement...

PSALM turns over Power Barges 101-103


The Power Sector Assets and Liabilities Management (PSALM) Corporation's privatization program was boosted anew after it turned over Power Barge (PB) Nos. 101, 102, and 103 to new owner Trans-Asia Oil and Energy Development Corporation. PSALM held the simple ceremonial turnover at its Makati City office on Wednesday (08 July 2015), after completing negotiations for the sale of PBs 101-103. The turnover...




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